Real Assets
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The retirement plan interviewed the firm in closed session at today’s board meeting.
The retirement system approved infrastructure and private credit commitments at a meeting today.
The upcoming search stems from a new domestic equity structure approved today.
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement system is working with its general investment consultant to conduct a search for strategies.
The retirement system created a 3% target to the asset class in February.
The retirement system will interview two sets of finalists next month.
The retirement system hired a new investment consultant after interviewing four finalists this week.
The plan hired Barings to manage two customized funds.